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Although that’s not all we have had to celebrate – in recent weeks we have celebrated B&CE’s 70th anniversary at various events.
For 70 years, our focus has been on our members. Throughout our history we have designed products and services first and foremost around people – dedicated to improving the financial welfare of our members, through a range of products and services.
This long standing history of putting people first, was the foundation for the launch of The People’s Pension in 2011.
We are delighted at how well The People’s Pension proposition has been received by employers. The key to pensions is building scale to create efficiencies that can be passed on in lower charges and improved services. To achieve this scale we expanded our offering to allied trades to construction and those industries where there are key similarities in employment structure.
Interest has come from many sectors including construction, retail, hospitality, facilities management and environmental services, many of which are well known household brands.
Our first customer staged in October, a small employer that started automatic enrolment well before their required staging date, and we have more to follow: within the first 12 months of automatic enrolment we are expecting to enrol over 100 companies (those with 1,250+ employees) into The People’s Pension embracing over 300,000 eligible employees.
We have prepared our systems and people to ensure that we can comfortably cope with this influx of new business while maintaining our usual high standards in the service we provide to all our members. If you don’t already have your staging date, or would be interested in bringing your staging forward please give us a call on 01293 586666.